Electric Utilities

Company Overview of Electric Reliability Council Of Texas, Inc

Company Overview

Electric Reliability Council Of Texas, Inc., a nonprofit organization, operates and manages electric grids. It manages the flow of electric power lines to Texas customers. The company also manages financial settlements for wholesale bulk-power markets and administrates customer switching services. Its members include retail consumers, investor and municipal-owned electric utilities, rural electric cooperatives, river authorities, independent generators, power marketers, and retail electric providers. The company was founded in 1970 and is based in Austin, Texas.

CenterPoint Energy, Inc.'s electric utility submitted a proposal to the Electric Reliability Council of Texas (ERCOT) requesting its endorsement for CenterPoint to enhance existing, and construct new, electric transmission infrastructure. This project would meet the unprecedented load growth of the petrochemical industry in the Freeport, Texas area. This growth includes new committed load expected to total approximately 1,340 megawatts, which is planned to go into service at varying stages between 2017 and 2019. The company expects to have the proposed enhancements complete by summer 2019 and the proposed new line is anticipated to be in service in 2021. The approximately $250 million transmission project includes enhancements to two existing substations and construction of a new 345 kilovolt double-circuit transmission line. The proposed project timeline takes into consideration the typical lead times necessary to implement the proposed enhancements and construction, including review by ERCOT and the Public Utility Commission of Texas. The company anticipates a decision by the fourth quarter of 2017.

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